Two Sigma Advisers LP Has $526,000 Stake in Spok Holdings, Inc. (NASDAQ:SPOK)

Two Sigma Advisers LP decreased its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,800 shares of the Wireless communications provider’s stock after selling 30,400 shares during the quarter. Two Sigma Advisers LP owned 0.16% of Spok worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SPOK. Geode Capital Management LLC raised its position in shares of Spok by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock worth $8,258,000 after purchasing an additional 6,591 shares during the period. JPMorgan Chase & Co. raised its position in shares of Spok by 7.6% during the fourth quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock worth $3,428,000 after purchasing an additional 15,156 shares during the period. Northern Trust Corp raised its position in shares of Spok by 4.1% during the fourth quarter. Northern Trust Corp now owns 207,068 shares of the Wireless communications provider’s stock worth $3,323,000 after purchasing an additional 8,175 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Spok by 67.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after purchasing an additional 44,896 shares during the period. Finally, Trexquant Investment LP raised its position in shares of Spok by 49.8% during the fourth quarter. Trexquant Investment LP now owns 106,467 shares of the Wireless communications provider’s stock worth $1,709,000 after purchasing an additional 35,401 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Stock Performance

NASDAQ:SPOK opened at $16.08 on Wednesday. The company has a market cap of $330.80 million, a PE ratio of 22.03 and a beta of 0.51. Spok Holdings, Inc. has a 52-week low of $13.55 and a 52-week high of $17.96. The stock has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $16.13.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $36.29 million during the quarter, compared to the consensus estimate of $34.00 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. On average, research analysts predict that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, May 23rd will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.77%. Spok’s payout ratio is presently 160.26%.

Wall Street Analysts Forecast Growth

SPOK has been the topic of a number of research analyst reports. Wall Street Zen raised Spok from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 10th. B. Riley raised Spok to a “strong-buy” rating in a research report on Thursday, May 1st.

Insider Buying and Selling

In related news, COO Michael W. Wallace sold 6,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the completion of the transaction, the chief operating officer now directly owns 61,175 shares in the company, valued at approximately $1,011,222.75. This trade represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent D. Kelly sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value of $492,000.00. Following the completion of the transaction, the chief executive officer now owns 157,817 shares of the company’s stock, valued at approximately $2,588,198.80. This represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.37% of the stock is owned by corporate insiders.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.